Aspen Technology Inc

Aspen Technology, Inc. develops software for asset performance, monitoring management and optimization solutions. It helps organizations to streamline engineering and maintenance processes to reduce downtime and increase operational efficiency. The company was founded on August 12, 1981 and is headquartered in Bedford, MA.

Earnings data Q3 2021

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Aspen Technology reports solid Q1 results amidst geopolitical challenges

Despite challenges from geopolitical risks and macro uncertainties, Aspen Technology's performance remains strong. The company's focus on margin expansion and operational improvements, along with opportunities in specific business segments, positions it for future growth.

AspenTech reports solid Q2 performance amidst market challenges

AspenTech's Q2 performance showed strength in financials and customer wins but faced challenges from slowing demand and macroeconomic conditions.
The company's focus on integration, innovation, and market performance presents opportunities for growth and improvement in guidance.
Maintained fiscal year 2023 targets indicate confidence in meeting goals despite external uncertainties.
Efforts with Emerson and strategic partnerships position AspenTech for future growth and market expansion.

AspenTech reports solid Q3 performance amidst industry challenges and growth opportunities

AspenTech delivered solid Q3 results with strong ACV growth and revenue performance. While facing challenges in certain industries and geopolitical risks, the company is focused on accelerating growth opportunities through strategic integrations and margin expansion strategies.

Aspen Technology excels in Q4 2023, eyes sustainability growth

Aspen Technology's Q4 2023 earnings call highlighted robust financial performance, strategic focus on sustainability and growth, and confidence in future opportunities. The company aims to drive double-digit growth, renew business relationships, and capitalize on market demand for critical solutions.

AspenTech reports robust Q1 performance, eyes global sustainability opportunities

AspenTech's Q1 performance reflects strong growth momentum, strategic focus on sustainability, and a robust outlook for fiscal 2024, underpinned by double-digit ACV growth.
The company's emphasis on innovation, customer value, and global expansion positions it well to capitalize on market opportunities and drive future success.
While facing transitional challenges and operational complexities, AspenTech remains confident in its ability to deliver on growth targets and exceed expectations for the year.

AspenTech reports robust Q2 results, eyes growth amid sustainability focus

Aspen Technology (AZPN) delivered strong Q2 results, focusing on product innovation, sustainability, and market expansion.
While facing challenges from a delayed renewal, the company is proactively addressing them through sales capacity expansion and new software updates.
With a solid performance in key end markets and a commitment to sustainability, AspenTech is well-positioned for growth and success in the coming quarters.
Investments in sales teams, product development, and global expansion present opportunities for revenue growth and market leadership in the future.

AspenTech reports mixed Q3 results, optimistic on growth strategies

AspenTech's Q3 performance showed mixed results with ACV growth challenges but strong financial metrics. Customer feedback post-conference was positive, indicating high interest and value perception. The company remains optimistic about future trajectory, focusing on execution, expansion, and efficiency to drive growth and profitability.

AspenTech reports resilient Q4 performance and targets growth in 2025

AspenTech delivered a strong Q4 performance with ACV growth, solid financial metrics, and strategic initiatives despite challenges like market exits and workforce reductions.
The company's focus on innovation, integration, and cost management positions it well for future growth and resilience in dynamic market conditions.
Upcoming events and guidance for fiscal 2025 underscore AspenTech's commitment to driving shareholder value and sustainable business growth.

Aspen Technology reports solid Q1 results, eyes growth through acquisitions

Aspen Technology's Q1 2025 earnings call showcased positive financial performance, strong suite performances, and a focus on innovation. While facing challenges such as negative free cash flow and integration concerns, the company remains confident in its market position and growth prospects.

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Aspen Technology, Inc. engages in the development of software applications for asset performance and management monitoring. It operates through the DGM and SSE business segments. The company was founded on August 12, 1981, and is headquartered in Bedford, MA.

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (NASDAQ: AZPN), a global leader in asset optimization software, today announced that Jill D. Smith has been elected board chair. Ms. Smith joined the AspenTech Board of Directors in April 2021. She brings more than 20 years of significant international business leadership experience, having most recently served as president, chief operating officer and director of Allied Minds plc, and prior to that as chairman, CEO and president of Digita

Aspen Technology Announces Jill D. Smith as Newly Elected Board Chair

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in asset optimization software, today announced that it will release financial results for its fourth-quarter and fiscal 2021, ended June 30, 2021, after the U.S. financial markets close on Wednesday, August 11, 2021. AspenTech will host a conference call and webcast presentation on August 11, 2021 at 4:30 p.m. (Eastern Time) to discuss the company's financial results, business outlook, and related corporate

Aspen Technology Announces Date of Fourth-Quarter and Fiscal 2021 Financial Results Release, Conference Call and Webcast

TAMPA, Fla.--(BUSINESS WIRE)---- $AZPN #AI--mIQrotech oversubscribed its Series A funding, a huge stride toward disrupting the oil and gas industry through digital transformation.

Award-Winning Technology Firm mIQrotech Oversubscribes Series A Funding Round

TAMPA, Fla.--(BUSINESS WIRE)---- $AZPN #AI--Tech company mIQroTech takes one more step into the future of the oil and gas industry. The startup announced today the addition of four new members to their board of directors: Jeff Brashear, Gary Weiss, Don Bortniak, and Paul Silvis. Led by founder, chief executive officer, and chairman Meade Lewis, this board will continue to pave the way for digital transformation in the oil and gas industry. CEO Meade Lewis says of the development, “We're pleased to welcome ne

mIQroTech Announces New Additions to its Board of Directors

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (NASDAQ: AZPN) (“AspenTech”), a global leader in asset optimization software, announced today that its Board of Directors has authorized a new share repurchase program under which AspenTech may repurchase up to $300 million of its outstanding shares of common stock in Fiscal Year 2022. The new share repurchase program includes an accelerated share repurchase (“ASR”) agreement with JPMorgan Chase Bank, National Association (“JPMorgan”), to

Aspen Technology Announces New $300 Million Share Repurchase Program

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in asset optimization software, today announced that Antonio Pietri, President and Chief Executive Officer and Chantelle Breithaupt, Chief Financial Officer, will present at the Baird Global Consumer, Technology & Services Conference. The presentation is scheduled for Tuesday, June 8 at 8:30 a.m. ET. The presentation will be webcast live and available for a limited time on the Investor Relations section o

Aspen Technology to Present at the Baird Global Consumer, Technology & Services Conference

Aspen Technology (AZPN) reported earnings 30 days ago. What's next for the stock?

Why Is Aspen Technology (AZPN) Up 5.4% Since Last Earnings Report?

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in asset optimization software, today announced that Antonio Pietri, President and Chief Executive Officer and Chantelle Breithaupt, Chief Financial Officer, will present at the William Blair Growth Conference. The presentation is scheduled for Tuesday, June 1 at 1:00 p.m. ET. The presentation will be webcast live and available for a limited time on the Investor Relations section of the company's website at h

Aspen Technology to Present at the William Blair Growth Stock Conference

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in asset optimization software, today announced that Shell Catalysts & Technologies, a provider of leading catalysts, technical services and licensed process technologies to refiners, gas treating facilities and chemical plants around the world, is implementing Aspen Schedule Explorer™ software in multiple plants throughout North America and Europe. The supply chain management solution will improve coordi

Aspen Technology Software to Help Improve Operations and Supply Chain Alignment for Shell Catalysts & Technologies

Industrial software company Aspen Technology Inc (NASDAQ: AZPN) is exploring options for a potential minority stake sale involving large industrial firms and buyout funds, Bloomberg reports. Aspen manufactured software for companies in chemicals, manufacturing, energy, metals, and mining industries.

Aspen Technology Is Exploring Minority Stake Divestment: Bloomberg

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in asset optimization software, today announced that it has extended Industrial AI across its leading solutions to drive higher levels of profitability and sustainability in customer operations. In addition, the Industrial AI Workbench will enable data scientists to collaborate with domain experts to develop AI apps based on enterprise-wide data. With First Principles Driven Hybrid Models, AI is directly embe

AspenTech Expands Application of Industrial AI to Achieve New Profitability and Sustainability Goals

The stock price of Aspen Technology, Inc. (NASDAQ: AZPN) increased by over 5% pre-market. This is why it happened.

AZPN Stock: Over 5% Increase Pre-Market Explanation

Aspen Technology﻿﻿ (NASDAQ﻿﻿: AZPN), is a provider of software and services for the process industries. It embeds artificial intelligence throughout industrial manufacturing environments, which helps achieve their goals in safety, sustainability, and operational performance.

Aspen Technology's Stock A Buy After Sell Off?

Aspen Technology recently missed earnings and has pulled back over 15% since. The company is a dominant player in a high-growth industry with impressive margins.

Aspen Technology: Buy The Dip

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in asset optimization software, today announced that it has partnered with Larsen & Toubro Infotech (LTI) to deliver AspenTech solutions through LTI managed cloud services, which will accelerate the digitalization journey for capital-intensive industries. The partnership enables LTI to deliver AspenTech's performance engineering desktop solutions, such as Aspen HYSYS® and Aspen Plus®, as well as AspenTech

Aspen Technology Partners with Larsen & Toubro Infotech to Accelerate Adoption of Cloud Services in Oil & Gas and Chemicals Industries

Aspen's (AZPN) Q3 performance benefits from higher total bookings. Reimposition of lockdowns in several countries and impact on chemical and refining industry due to polar vortex acted as headwinds.

Aspen (AZPN) Lags Q3 Earnings & Revenue Estimates, Shares Slump

Aspen Technology's (AZPN) CEO Antonio Pietri on Q3 2021 Results - Earnings Call Transcript

Shares of Aspen Technology (NASDAQ:AZPN) fell in after-market trading after the company reported Q3 results. Quarterly Results Earnings per share increased 41.89% year over year to $1.05, which missed the estimate of $1.11.

Aspen Technology: Q3 Earnings Insights

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (NASDAQ: AZPN), a global leader in asset optimization software, today announced financial results for its third quarter of fiscal year 2021 ended March 31, 2021. “AspenTech's third quarter performance was highlighted by strong free cash flow generation and demand activity in each of our core end-markets that was at or above pre-pandemic levels,” said Antonio Pietri, President and Chief Executive Officer of Aspen Technology. “At the same ti

Aspen Technology Announces Financial Results for the Third Quarter of Fiscal 2021

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in asset optimization software, has appointed Jill D. Smith to its Board of Directors. Ms. Smith brings more than 20 years of significant international business leadership, most recently serving as President and Chief Operating Officer and director of Allied Minds plc, an intellectual property commercialization company for technology and life sciences. Previously, she served as Chairman, Chief Executive Offic

Aspen Technology Appoints Jill D. Smith to its Board of Directors

Aspen Tech is the global leader in asset optimization software. Its new "AIoT Hub" technology will enable AZPN to integrate AI into its Asset Performance Optimization tools. As a result, its wide-moat business will just get wider.

Aspen Technology: Its 'AIoT Hub' Technology Could Lead To Self-Optimizing Plants

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in asset optimization software, today announced that it will release financial results for its third-quarter fiscal 2021, ended March 31, 2021, after the U.S. financial markets close on Wednesday, April 28, 2021. AspenTech will host a conference call and webcast presentation on April 28, 2021 at 4:30 p.m. (Eastern Time) to discuss the company's financial results, business outlook, and related corporate and fi

Aspen Technology Announces Date of Third-Quarter Fiscal 2021 Financial Results Release, Conference Call and Webcast

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in asset optimization software, today announced the keynote panel for the virtual OPTIMIZE™ 2021 conference, May 18-20, 2021. The event, themed “The Future Starts with Industrial AI,” brings together executives and operational leaders from capital-intensive industries who are accelerating their digitalization investments to meet the demands of ‘always-volatile' markets. The program will feature keynote presen

Aspen Technology Announces Keynote Panelists for OPTIMIZE™ 2021

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in asset optimization software, today announced that Ecopetrol, the largest petroleum company in Colombia, has selected Aspen GDOT™ dynamic optimization software as part of its digitalization initiative to improve refining margins at its two refineries in Cartagena and Barrancabermeja, and upgrading to Aspen DMC3™ advanced process control software in Barrancabermeja refinery. “Optimizing production and increa

Ecopetrol Extends Investment in Aspen Technology Solutions to Accelerate Digital Transformation Initiatives

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in asset optimization software, has appointed Karen Golz to its Board of Directors. Golz is a retired partner of Ernst & Young (EY), a public accounting firm, where she held various senior leadership positions during her 40-year tenure at the firm, including most recently, Global Vice Chair, Japan (2016-2017). In addition to accounting, financial reporting and audit expertise, Golz brings considerable exp

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